Is Agenus Stock Halal?
Table of Contents
How much of Agenus’ revenue comes from haram?
Agenus earns its revenue from the following revenue sources:
- Research & Development:
Includes revenue generated from collaboration agreements regarding researching and developing clinical-stage immuno-oncology products
- Service Revenue:
Includes revenue generated from non-R&D collaboration services
- Future Royalties & Milestones:
Includes non-cash revenue related to the sale of future royalties and milestones
The contributions from each of Agenus’ revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Agenus’ revenue comes from anything inherently haram.
Does Agenus rely on interest to operate?
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What is Agenus’ Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
Agenus has a Glassdoor rating of 3.5 out of 5 from current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Agenus has a net positive ESG impact.
Comfort Rating
From Agenus’ business, financial, and ESG reviews, Practical Islamic Finance rates Agenus stock as:
Uncomfortable to invest in from a halal perspective.
Justification for our rating
Agenus’ consistent elevated use of interest to run its operations suggests a systemic reliance on interest. This causes Practical Islamic Finance to be uncomfortable investing in the company from a Halal perspective.